Netflix, Apple, HP: Tech Winners & Losers

Shares of Netflix are moving higher after some positive comments at a hedge fund conference, while HP announces a new business tablet.

NEW YORK ( TheStreet) -- Netflix ( NFLX) shares jumped 3.53% to $56.36 after a hedge fund manager made some positive comments about the stock.

Speaking at the Value Investing Congress in New York, Whitney Tilson of T2 Partners gave a presentation on why Netflix is a better business than Amazon ( AMZN). Tilson contended that Netflix would "continue to grow faster than the market for considerable time." Tilson is long shares of Netflix.

In addition to being a hedge fund manager, Tilson is also responsible for putting together the Value Investing Congress, which runs Monday and Tuesday, and features top hedge fund names such as Bill Ackman and David Einhorn. TheStreet is attending the conference.

In a letter to customers on the company's website last week, CEO Tim Cook wrote, "At Apple, we strive to make world-class products that deliver the best experience possible to our customers. With the launch of our new Maps last week, we fell short on this commitment. We are extremely sorry for the frustration this has caused our customers and we are doing everything we can to make Maps better."